Showing posts with label volante. Show all posts
Showing posts with label volante. Show all posts
Monday, August 24, 2015
Aston Martin gets a further £200 million investment for new products including the DBX luxury Crossover.
- Investindustrial and Tejara Capital led a further £200 million in investment capital in the form of preference shares
- Enables production of DBX luxury crossover, building on range of iconic luxury sports cars
- FY 2014 revenues of £468 million and adjusted EBITDA of £66 million announced
Aston Martin Lagonda today announced that with the leadership of its major shareholders, it has arranged additional committed funding of £200 million, enabling the 102-year old luxury sports car manufacturer to develop significant new luxury models that will drive the future of the company under its strategic business plan.
The additional capital investment comes in the form of £200 million of preference shares; £100 million of which were issued on 29 April 2015 with the remaining £100 million – already subscribed for – to be issued in the next twelve months, and will further expand the previously announced investment plan.
This major investment in new luxury models is at the core of Aston Martin’s strategic vision. Under the plan, the company will expand into the luxury GT crossover market with the introduction of a new vehicle based on the DBX concept shown at the recent Geneva and Shanghai motor shows.
With the addition of new model lines, the company’s strategy will help drive future growth, always ensuring that Aston Martin builds the world’s most beautiful cars that deliver true sporting ability with passion and refined luxury.
Aston Martin Lagonda CEO Dr Andy Palmer commented: “This additional long-term funding, will enable us to add extra model lines and broaden our presence in the luxury market segment by the end of the decade.
The DBX concept, has generated interest far beyond our expectations. The additional investment announced today will allow us to realise the DBX and other new luxury vehicles that will form the strongest and most diverse portfolio in our history.”
“Our shareholders have shown their strong commitment and confidence in the management team to execute the strategic plan,” continued Palmer.
Separately, Aston Martin Holdings (UK) Limited today announces results for the 12 months ended 31 December 2014.
In 2014 the company delivered full year revenues of £468 million and adjusted EBITDA of £66 million whilst simultaneously increasing its product development spend by 45%.
In 2015, the company expects global demand for its luxury sports cars to remain high, whilst it continues to develop and expand its current range starting with first customer deliveries of the limited edition track-only Aston Martin Vulcan and the race inspired, Vantage GT12.
Aston Martin mulls opening a new facility in the USA, near to Mercedes to cement their recent partnership.
Aston Martin is considering a U.S. factory in Alabama to be near its industrial partner Daimler, the British sports car maker's CEO Andy Palmer told a U.K. car magazine Autocar.
Aston has had expressions of interest for a new factory from U.S. states and from countries around the world, including the U.K., Palmer told Autocar.
"It is not decided yet but clearly with our arrangement with Daimler it would make sense to look closely at the possible synergies of working close to them in Alabama," he told the magazine.
Daimler builds Mercedes SUVs at the Vance, Alabama, factory. Daimler has a 5 percent stake in Aston as part of a deal to supply the UK company with high-performance engines and electronic architectures.
Earlier this month, the Financial Times reported that Aston has held talks with officials in several U.S. states about a factory to build its first crossover, which would be based on the all-electric, all-wheel-drive DBX concept unveiled at the Geneva auto show in March.
The production DBX could be based on the new Mercedes GLC unveiled as a concept at the Shanghai auto show earlier this month, reports have said.
Aston aims to boost annual vehicle sales to 15,000 from 4,000 last year. The company has limited room for growth at its only factory in Gaydon in central England.
Sunday, August 23, 2015
Fancy an Aston ? got up to a Million ? well, there is a lot for sale here, go on, you know you want to !
In its 60th anniversary year Aston Martin Works is gearing up to host the biggest ever Aston Martin Sale staged by internationally renowned auction house Bonhams.
Now in its 16th year, Bonhams’ Aston Martin Sale is set to see some of the brand’s most iconic, and valuable, sports cars change hands as eager bidders head to the Aston Martin Works facility for this globally significant auction event.
Among the highlights in the packed catalogue are two rare and collectible DB4 convertibles. The first, a 1962 DB4 Series IV Vantage Convertible, is one of only nine produced in left-hand drive and was once the property of Sir Peter Ustinov. It carries an estimate of £900,000 to £1m.
Meanwhile, in right-hand drive, a 1962 Aston Martin DB4 4.0-Litre Series IV Convertible is estimated at £800,000-900,000.
The 2015 event is Bonhams’ largest Aston Martin Sale to date, and features more than 250 lots of motor cars and automobilia.
A total of 21 DB4, DB5 and DB6s have been consigned to the sale – the largest number of Sir David Brown-era motor cars in the sale’s 16-year history.
Paul Spires, Commercial Director at Aston Martin Works, said: “The Bonhams auction weekend is always a highlight of the Works’ calendar and this year, once again, some truly remarkable cars will be offered for sale.”
Tim Schofield, Bonhams UK Head of Motor Cars, said: “This year’s sale features a selection of significantly rare left-hand drive Aston Martins from the Sir David Brown era.
“At the time, only a small number of left-hand drive models were produced by the luxury marque, making the models incredibly rare. This year’s sale – in which more than a quarter of cars are left-hand drive – is very unusual indeed.”
He added: “But it’s not all about left-hand drive models. The sale has over 30% more lots than 2014, meaning there’s something for everyone.
This includes restoration projects such as the 1958 Aston Martin DB Mark III Sports Saloon (Lot 201: £30,000-50,000); concours-standard motor cars such the 1952 Aston Martin DB2 Drophead Coupé, originally the property of His Royal Highness, Prince Bertil of Sweden (Lot 209: £250,000-300,000), and the 1961 Aston Martin DB4 ‘Series II’ Sports Saloon (Lot 233: £420,000-460,000) – plus many examples of automobilia.”
Formerly the property of Sir Peter Ustinov, the 1962 Aston Martin DB4 Series IV Vantage Convertible adds some Hollywood sparkle to the sale.
Originally owned by the Academy Award-winning actor, playwright and diplomat, this ultra-rare DB4 Vantage Convertible was delivered to him at the Montreux Palace Hotel in Switzerland in 1962. One of only nine DB4 Series IV convertibles ever made, the car is estimated at £900,000-£1m.
Aside from the auction activity, the event will also play host to the UK public debut of the luxurious new Lagonda Taraf super saloon.
Unveiled to the world last year, and announced as a right-hand drive model in February, the new Lagonda makes its UK debut at the place where the last Aston Martin Lagonda model – the William Towns-designed four-door – was built up to its end of production in 1989.
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